Afford a home of your own.
This type of loan provides reduced down payment and closing costs to new homeowners who may not qualify for a conventional mortgage loan.
Choose from a variety of payment terms along with the flexibility of weekly, bi-weekly or monthly payments. We can even set-up your payment to be automatically transferred from your Katahdin Trust Company checking account, so you'll never have to worry about a late payment. Enjoy these other great benefits:
Do I qualify?
To qualify for a First-Time Homebuyer Mortgage:
AROOSTOOK COUNTY & PATTEN AREA
BANGOR LENDING AREA
*This includes a mobile home and the land it sits on, but if you have owned a mobile home only, not including any land, you do qualify.
Homebuyer education is required. Up to five acres of land allowed. Existing structures only. Our First-Time Homebuyer Program is not associated with the Maine State Housing Authority. Subject to credit approval.